Stock Traders Buy Large Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) saw unusually large options trading on Wednesday. Stock investors acquired 25,648 call options on the stock. This is an increase of 292% compared to the average volume of 6,546 call options.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DLO. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and issued a $17.00 price target on shares of DLocal in a report on Thursday, April 30th. Truist Financial reduced their price objective on DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $17.25.

DLocal Trading Up 0.4%

Shares of DLO stock opened at $14.90 on Thursday. The business’s fifty day simple moving average is $12.80 and its 200-day simple moving average is $13.04. DLocal has a 12-month low of $9.81 and a 12-month high of $16.78. The company has a market cap of $4.39 billion, a PE ratio of 23.65 and a beta of 0.97.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities analysts forecast that DLocal will post 0.81 earnings per share for the current year.

Insider Activity at DLocal

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the transaction, the director owned 1,000,000 shares in the company, valued at $14,630,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett acquired 20,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $11.85 per share, for a total transaction of $237,000.00. Following the transaction, the director directly owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. The trade was a 22.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 45.44% of the company’s stock.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in DLocal by 0.3% during the first quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after acquiring an additional 13,536 shares during the period. Parvin Asset Management LLC increased its holdings in DLocal by 51.0% in the first quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock valued at $96,000 after buying an additional 2,500 shares in the last quarter. Empowered Funds LLC purchased a new position in DLocal in the first quarter valued at $1,324,000. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of DLocal in the first quarter worth about $11,623,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of DLocal in the first quarter worth about $348,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.